First Long Island Investors LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

First Long Island Investors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 290,987 shares of the ride-sharing company’s stock after buying an additional 13,334 shares during the quarter. Uber Technologies accounts for 1.7% of First Long Island Investors LLC’s portfolio, making the stock its 24th biggest position. First Long Island Investors LLC’s holdings in Uber Technologies were worth $21,871,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UBER. Price T Rowe Associates Inc. MD raised its position in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the last quarter. GQG Partners LLC raised its position in shares of Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after acquiring an additional 3,623,951 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UBER shares. Oppenheimer increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. UBS Group increased their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER traded up $1.03 on Friday, hitting $72.47. 5,018,021 shares of the company were exchanged, compared to its average volume of 18,093,723. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average is $75.40 and its 200 day moving average is $71.00. Uber Technologies, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $87.00. The firm has a market capitalization of $152.60 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.